The manager of the CaixaBank Group has arrived at an agreement with Cecabank, reliable and depositary member of its funds, for one thing to implement this new operations, approved in Spain in October 2025.
Cecabank has bet for the creation of the first Spanish agency of Securities Finance with the aim of expanding its service offer and give to its clients access to solutions specialised in this field
CaixaBank Asset Management has reached an agreement with Cecabank through which the manager will be able to start to implement the operations of the securities lending in some of its investment funds, according to has communicated through a significant event to the Comisión Nacional del Mercado de Valores (CNMV). This operations, in addition to be a tool that it allows generating additional returns for the shareholders of CII, strengthens the competitiveness of the sector and drives the liquidity and the efficiency of the capital markets.
With its starting up, the manager of the Group of CaixaBank becomes the first company in implementing this operations on the CII, demonstrating once again the innovative character of the manager and of the CaixaBank Group.
At first, the susceptible CII include this operations, will be 48, 44% of the current offering of the manager, and they cover so much strategies concentrating on equities as in fixed income or mixed funds. At the time of the arrangement of the loan, the cash value of the lent securities will not exceed of 25% of the assets of each fund.
In all cases the operations of the securities lending will be made with full guarantees, leaned on secondary high quality that they cover at all times the value of the assets. To it it is necessary to sum a control system and custody that strengthens the transparency and ensures at all times the protection of investors.
The approval of this activity is the result of a process of joint work between the CaixaBank AM and Cecabank, based on a skills close collaboration and forward integration.
The operations of the securities lending will be channelled via the new Agency of Securities Finance of Cecabank, that offers a specialised solution for the management of these transactions, combining operating capacity, control and efficiency, and allowing optimising the use and the return of the portfolios in an aligned way with the CaixaBank needs Asset Management.
